Parker Increases Quarterly Dividend 5 Percent to 43 Cents per Share

Parker Increases Quarterly Dividend 5 Percent to 43 Cents per Share
PR Newswire
CLEVELAND, Jan. 25, 2013
CLEVELAND, Jan. 25, 2013 /PRNewswire/ -- Parker Hannifin Corporation (NYSE:
PH), the global leader in motion and control technologies, today announced
that its Board of Directors increased the Company's regular quarterly cash
dividend to 43 cents per share of common stock payable to shareholders of
record as of February 8, 2013. The dividend is payable March 1, 2013. This
represents a 5 percent increase over the previous quarterly dividend of 41
cents per common share and is the Company's 251^st consecutive quarterly
dividend, resulting in a total distribution to shareholders of approximately
$64 million.
(Logo: http://photos.prnewswire.com/prnh/19990816/PHLOGO )
"This increase reflects the Board's confidence in our financial strength and
our continued ability to generate strong cash flows despite uncertain
macroeconomic conditions," said Jon Marten, Executive Vice President – Finance
and Administration and Chief Financial Officer. "By focusing on the
initiatives defined by the Win Strategy we have been able to maintain a strong
balance sheet while having the flexibility to return value to our shareholders
in the form of a consistently increasing dividend payout."
With annual sales exceeding $13 billion in fiscal year 2012, Parker Hannifin
is the world's leading diversified manufacturer of motion and control
technologies and systems, providing precision-engineered solutions for a wide
variety of mobile, industrial and aerospace markets. The company employs
approximately 60,000 people in 48 countries around the world. Parker has
increased its annual dividends paid to shareholders for 56 consecutive fiscal
years, among the top five longest-running dividend-increase records in the S&P
500 index. For more information, visit the company's web site at
www.parker.com or its investor information web site at www.phstock.com.
SOURCE Parker Hannifin Corporation
Website: http://www.phstock.com
Contact: Media, Aidan Gormley, Director, Corporate Communications,
+1-216-896-3258, aidan.gormley@parker.com or Financial Analysts, Pamela
Huggins, Vice President & Treasurer, +1-216-896-2240, phuggins@parker.com